(A) It is hereby levied on and against each telephone utility company operating within the town a tax on the occupation and business of maintaining a telephone exchange and lines connected therewith in the town and of supplying local exchange telephone service to the inhabitants of the town.
(B) The annual amount of tax levied hereby shall be equal to $3.50 per telephone account for which local exchange telephone service is provided within the corporate limits of the town on the effective date as provided in § 37.02 and upon each anniversary of the effective date.
(Ord. 1976-1A, passed 12-29-1976; Ord. 1976-4, passed 12-29-1976)